While "someone" is harping on about whingeing heres, an unrefutable stat. about the 1/10 value destroying consolidation-
On the 14th of April 2011 OZL announced a 1/10 consolidation. The shares had been trading in a range of $17-$18 for about 6 months. Within a week of the announcement the shares were $15.00 and have continued their downward trend ever since.Then we had the PIGS/EU scare when we hit 9.00.The shares regained somewhat when the market realised it wasn't the end of the world.
But we have downtrended ever since that announcement of the 1/10 consolidation as shareholders rushed for the door knowing it was a radical move sure to have ramifications.
So much for our esteemed board and management being able to value add for the shareholders.
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